EgyptAir To Buy 12 Bombardier Aircraft For $1.1 Billion

Chet Fuller Bombardier Aerospace's chief of sales and marketing exits a mock-up of a CSeries aircraft cabin at Bombardier Inc.'s manufacturing facility in Saint Laurent Que. on Feb. 24 2011. Montreal-based Bombardier has signed a letter of

Bombardier said on Tuesday that EgyptAir had signed a letter of intent to purchase 24 CS300 jets from the Canadian company. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).

EgyptAir Chairman Safwat Moslem told a Dubai Airshow news conference the CS300 aircraft would be used by the airline's domestic and regional carrier EgyptAir Express.

To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft.

Less than a month after Airbus agreed to rescue Bombardier's struggling C Series jet program, Bombardier has announced a second order for the narrowbody passenger plane.


No Middle East customer has said when it would take delivery of CSeries jets. The deal is valued at $1.1 billion before discounts. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300% tariffs in the U.S. after a trade complaint by Boeing Co.

Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing. Swiss and Air Baltic, which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal.

Bombardier and EgyptAir said they hoped to finalize the deal before the end of 2017, the statement added.

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